Particle.news
Download on the App Store

Navi Mumbai Cyber Police Bust Online Trading Racket With China, Cambodia Links

Investigators describe fake trading apps with foreign handlers siphoning investor funds.

Overview

  • Seven suspects were arrested and 118 bank accounts were frozen in a probe that traced Rs 1.07 crore siphoned through a cloned trading platform scheme.
  • Police reported Rs 32.5 lakh recovered so far after searches across 35–40 lodges and hotels in Mahape, Sanpada, Koparkhairane, APMC and Vashi.
  • Three of the accused were in contact with handlers in China and Cambodia via Telegram, using an OTP‑forwarding app to operate Indian SIM‑linked bank accounts.
  • Two engineers in separate Navi Mumbai cases lost ₹2.73 crore and ₹2.68 crore after being steered into WhatsApp groups and fake apps that blocked withdrawals and demanded fees.
  • Mumbai’s Wadala police booked five suspects from Uttar Pradesh in a case where a 72‑year‑old retired banker lost ₹7 lakh through a forged‑credentials stock app scheme under BNS and IT Act sections.